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Japan Machinery Orders Implode As Global Economy Grinds To A Halt

Tyler Durden's picture





 

Japan's core machinery orders were expected to post a modest -2.6% drop. Instead they had a worse collapse than anything seen in the aftermath of the Fukushima disaster, plunging by a stunning 14.8% . And the kick in the groin cherry on top was the current account surplus plunged by 62.6%: consensus forecast: -14.5%. The Japanese economy has once again ground to a halt, only this time it has no earthquake or nuclear explosion to blame. This time it is the entire world's fault, where demand has collapsed proportionately. As a reminder the BOJ expanded its QE yet again on April 27. Must be time for another QE because this time will certainly be different after more than 30 years of failures.  It is time for those brilliant central planners Ph.D's to do engage in more of the same insanity that Einstein warned about decades ago. And incidentally this is not a joke: on Thursday the BOJ is expected to ease yet again. As a reminder, the BOJ already buys ETFs, Corporate Bonds, and REITs. What's left: gold?

Instant View via Reuters:

HIROSHI SHIRAISHI, ECONOMIST, BNP PARIBAS

"The numbers are weak. Although the BOJ tankan indicated stronger (capital spending), uncertainty about the outlook for the overseas economy is making Japanese companies cautious. "Things won't be as strong as the tankan suggested. We didn't think capital spending would be that strong, because we can't expect much growth in overseas economies. "The pace of capital spending is gradually becoming weaker. "We believe that BOJ will loosen monetary policy (at Thursday's meeting)."

YASUO YAMAMOTO, SENIOR ECONOMIST, MIZUHO RESEARCH INSTITUTE IN TOKYO

"Looking at the May figure alone you may say that machinery orders were weak, but given that the data is volatile you cannot say capital spending is losing momentum. "Corporate capital spending remains in a moderate uptrend as the Bank of Japan's June tankan confirmed, although the pace is tepid and levels are below those seen before the Lehman crisis. "Public spending and personal consumption are driving the Japanese economy but economic growth is likely to slow after the summer partly as government subsidies for low-emission cars run out of money. You cannot expect much from exports given uncertainty over Europe and the global economy. "The BOJ is likely to sit tight this week given the current yen movements, but it could ease policy further as early as September if it becomes clearer that the economy is slowing down."

HIROAKI MUTO, SENIOR ECONOMIST, SUMITOMO MITSUI ASSET MANAGEMENT CO, TOKYO

"Machinery orders from both manufacturers and non-manufacturers fell a lot. External demand looks weak. A lot of companies have turned cautious about overseas economies. The global economy is weaker than we thought. "Machinery orders suggest capital expenditure is weaker than what companies indicated in the most recent Bank of Japan tankan survey. This suggests that capital expenditure plans in the tankan are likely to be downgraded. "The current account surplus took a hit from imports of liquefied natural gas. Prices for these imports should start to follow oil prices lower. "There are increasing worries for the Japanese economy. The BOJ looked like it would be on hold this week, but given weak U.S. economic data and monetary easing by central banks in China and Europe, there is now a 50 percent chance that the BOJ could ease this week."

 


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Sun, 07/08/2012 - 20:49 | Link to Comment death_to_fed_tyranny
death_to_fed_tyranny's picture

Sayonara Bitchez!

Sun, 07/08/2012 - 20:56 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Take five.....smok'em if ya got'em.

 

Sun, 07/08/2012 - 20:59 | Link to Comment stant
stant's picture

take 5, wont last a minute

Sun, 07/08/2012 - 21:08 | Link to Comment Manthong
Manthong's picture

I thought I saw little ASIMO in the unemployment line.

Sun, 07/08/2012 - 21:20 | Link to Comment Earl of Chiswick
Earl of Chiswick's picture

and NKY goes into a death sprial

http://www.bloomberg.com/quote/NKY:IND

or is that LOL

Sun, 07/08/2012 - 21:23 | Link to Comment Long-John-Silver
Sun, 07/08/2012 - 21:00 | Link to Comment Ahmeexnal
Ahmeexnal's picture

Ogolfer issues a stealth executive order on Friday: all communications will be controlled during the upcoming "crisis":

http://www.whitehouse.gov/the-press-office/2012/07/06/executive-order-as...

Sun, 07/08/2012 - 21:25 | Link to Comment Ineverslice
Ineverslice's picture

There he goes again.... Seal the compartments, prepare for cold shutdown everyone. 

Sun, 07/08/2012 - 21:51 | Link to Comment TrainWreck1
TrainWreck1's picture

Just download everything* before the plug gets pulled.

*only half-joking

Sun, 07/08/2012 - 23:00 | Link to Comment Prometheus418
Prometheus418's picture

Check out Tor and i2p.

Depends on what they do- tor will bypass any firewall restriction I've encountered, provided that the connection exists.  It's very good at sneaking you out the back door with your identity hidden.  The public version of it was developed to help those in countries with repressive regimes communicate across borders.  I'm sure it's not bullet proof, but AFAIK, it's very good, and they even make it for your smartphone, if you're so inclined.

i2p is a different matter- it's nowhere near as anonymous, but it does set up peer-to-peer tunnels to sidestep firewalls.  I believe the point of it was to make sure that your ISP doesn't know exactly what you're doing for people who are pirating media, but I honestly don't know all that much about it.

Either one requires some self-discipline, so read the instructions carefully if you decide to use them.  I run encrypted connections off an entirely different computer just to make sure that there is no cross-contamination like cookies or other nonsense.  It certainly does not improve your everyday experience for things like reading the news and buying something from Amazon, and it doesn't make sense to use it for that.   Those tools are for more specific and more private communication.  A decent idea might be to have a bootable USB with an entirely different operating system (Linux is free, and comes in a lot of different flavors) that is dedicated to encrypted use- then you don't need a different machine.  I just happened to have an old one that would do the job.

And before you ask, no, I don't use either one to post on Zerohedge, so please don't get any wonderful ideas about posting all my personal info just to show you could use a whois.  If anyone is watching, that cat was out the bag long ago- no reason to tie it to anything else that is more secure.

Mon, 07/09/2012 - 00:04 | Link to Comment Cursive
Cursive's picture

@Prometheus418

Check out this new service:

https://chatstep.com/

Looks promising if you want to have a *secure* conversation.

Mon, 07/09/2012 - 18:20 | Link to Comment Estrella
Estrella's picture

In response to Ahmeexnal's post about the latest executive order... someone please show me where I am wrong or being foolish.

Dec - Obama signs executive order allowing takeover of five parts of US Economy based on DHS determination of possible emergency.

Jan'ish - Obama signs law allowing for indefinite detention without charge of US citizens alleged to be enemy combatants.

Mar'ish - DHS orders 450 million hollow point .40S&W (a non-military round) and tens of thousands of M-4s

Apr'ish-May'ish - Military exercise in Tampa, Chicago and St. Louis

May'ish - SCOTUS decides it is acceptable to strip search, body cavity search, anyone detained by polic.

Jul - Obama signs executive order allowing control of airwaves, again based on DHS determination. Includes shutting down radio stations.

So... where am I obviously making a logic error here?

Sun, 07/08/2012 - 23:16 | Link to Comment jerry_theking_lawler
jerry_theking_lawler's picture

bum'em if ya don't...

Sun, 07/08/2012 - 21:22 | Link to Comment Randall Cabot
Sun, 07/08/2012 - 22:23 | Link to Comment CrockettAlmanac.com
CrockettAlmanac.com's picture

Great tune. Here's another:

 

http://www.youtube.com/watch?v=K4_Qzx-E2LQ

Sun, 07/08/2012 - 22:26 | Link to Comment El Oregonian
El Oregonian's picture

It only gets bitter from here...

Sun, 07/08/2012 - 23:18 | Link to Comment FL_Conservative
FL_Conservative's picture

The Fed is NOT printing any time soon, Fo-get about it!  They realize at this point it accomplishes NOTHING and so they will do NOTHING until we're on armageddon's doorstep.  That little bitch Hilsenrath will be proven wrong.....again.

Mon, 07/09/2012 - 01:19 | Link to Comment Seer
Seer's picture

How sure are you?

The only gains to be had are via currency devaluation, or haven't you heard about that?

And when everyone else is crushing their currencies then keeping up with the Joneses doesn't make you look so out of place.

BTW - We ARE on Armageddon's doorstep.  The door is unlocking...

Mon, 07/09/2012 - 08:31 | Link to Comment Mitzibitzi
Mitzibitzi's picture

The door's unlocked. All we're waiting for now is for the doorman to finish checking his guest list.

Mon, 07/09/2012 - 02:02 | Link to Comment OmNamah
OmNamah's picture

Mark my words, Japanese equities would bottom this year and would be one of the best performing equity markets in coming years.......as a speculator you can't let these once in lifetime opportunities slip by......please open your eyes and make money instead of ideas:)

 

www.bubbleshort.blogspot.in

Sun, 07/08/2012 - 20:49 | Link to Comment heavenskrow
heavenskrow's picture

Sorry Japan...I love you

Sun, 07/08/2012 - 20:53 | Link to Comment knukles
knukles's picture

Wish I could arrange a 220 zap for every time one of them folks has told me I'm an idiot only to have the forecast come true.....
World's imploding.
Not a very big insight, either.
Is simply the global debt deleveraging taking it's ultimate course, regardless of idiotic policies... which are only making it worse.

Ya'll realize that with what's happening, with all of the impending, as in a matter of when, not if, downgrades of goobermints and companies, what the demand for eligible collateral is gonna be?
Bunds, Swissy, Guilts, Treasuries, OZ gonna all be bid to negative yields as demand increases for the shrinking subset of "the eligibles" with rational counter-parties.
It's a different world, folks.

Sun, 07/08/2012 - 21:08 | Link to Comment Dr. Sandi
Dr. Sandi's picture

Dammit Knuckles. Stop making those forecasts. It's YOUR FAULT that they're coming true. You're going to wreck everything with all your truthmongering.

Sun, 07/08/2012 - 21:14 | Link to Comment Cheesy Bastard
Cheesy Bastard's picture

Yeah.  It's just a 30 year soft patch.

Sun, 07/08/2012 - 22:54 | Link to Comment knukles
knukles's picture

LOL

You know, several of my uber-liberal O supporter buds have in all seriousness told me that.
I need to cheer up my forecasts,,, that I'm too cynical.
Seriously... its all Knukles fault 
LOL

 

And now my neo-CON buds are mad at me because I'm telling them that nothing's gonna change if Romney gets elected.
LOL

Fucking blind people fully immersed in the Matrix, in full bore Hegelianism

Sun, 07/08/2012 - 21:28 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

@ knukles

Maybe I can get bearings for a little cheaper from Japan now.

Sun, 07/08/2012 - 21:38 | Link to Comment Ahmeexnal
Ahmeexnal's picture

New batches of Japan made bearings glow in the dark.

Actually, so does recently made wasabi.

Sun, 07/08/2012 - 21:39 | Link to Comment tmosley
tmosley's picture

That stuff's so spicy it'll give you CANCER!

Sun, 07/08/2012 - 21:45 | Link to Comment HurricaneSeason
HurricaneSeason's picture

So, IOUs will become more and more valuable as they are printed faster and faster?  U.S. treasury bonds will be a required investment, eventually.

Sun, 07/08/2012 - 23:04 | Link to Comment Arnold Ziffel
Arnold Ziffel's picture

at least housing has bottomed.......NOT!

Mon, 07/09/2012 - 02:04 | Link to Comment OmNamah
OmNamah's picture

Mark my words, Japanese equities would bottom this year and would be one of the best performing equity markets in coming years.......as a speculator you can't let these once in lifetime opportunities slip by......please open your eyes and make money instead of ideas:)

 

www.bubbleshort.blogspot.in

Sun, 07/08/2012 - 20:50 | Link to Comment LongSoupLine
LongSoupLine's picture

People, people...calm down.  Don't you know they've fired the nuke reactors back up?

Everything's fixed.

Sun, 07/08/2012 - 20:50 | Link to Comment Barometer
Barometer's picture

That Hugh Hendry is crazy

Sun, 07/08/2012 - 20:54 | Link to Comment heavenskrow
heavenskrow's picture

keep him on the DL.   Don't make him a blown up Jim Rogers

Sun, 07/08/2012 - 21:05 | Link to Comment Spitzer
Spitzer's picture

Kyle Bass has the big shorts on Japan.

http://freegoldobserver.blogspot.ca/

Sun, 07/08/2012 - 21:10 | Link to Comment Ineverslice
Ineverslice's picture

-14.8%...Ouch!  Paging Dr. Hendry.... and get K. Bass on standby, on the double!

Ooops,  beat me to it. Well, off u go!

Sun, 07/08/2012 - 20:54 | Link to Comment Henry Chinaski
Henry Chinaski's picture

More hoax from ZH. Nice. /sarc

Got cash bitchez?

Sun, 07/08/2012 - 21:03 | Link to Comment Ahmeexnal
Ahmeexnal's picture

You don't need cash. All you need is toilet paper and a printer.

Sun, 07/08/2012 - 20:55 | Link to Comment world_debt_slave
world_debt_slave's picture

rove you rong time

Sun, 07/08/2012 - 22:44 | Link to Comment ZeroAvatar
ZeroAvatar's picture

Dammit, that's plagiarism!  No 72 virginians for YOU when you die!

Sun, 07/08/2012 - 23:53 | Link to Comment world_debt_slave
world_debt_slave's picture

No, not the virginians!

Sun, 07/08/2012 - 20:55 | Link to Comment Seasmoke
Seasmoke's picture

this news could make people become kamikazees

Mon, 07/09/2012 - 03:26 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Japan's already sky-high suicide rate has sky-rocketed further.

As has the US's. As has India's. In fact, here in India, it is soon to be a leading cause of death in the 18-35 category. More than disease and accidents, suicide.

That is the world free-energy tends to create. Dystopia.

ori

/the-curse-of-free-energy/

Sun, 07/08/2012 - 20:57 | Link to Comment midgetrannyporn
midgetrannyporn's picture

I don't think the average old person in Japan gives a flying fig what the BOJ does. They hoard yen and wait for death.

Sun, 07/08/2012 - 20:57 | Link to Comment TrainWreck1
TrainWreck1's picture

Nobody can afford the stuff that is made now.

Why buy machinery to make more stuff that people cannot buy?

Sun, 07/08/2012 - 21:16 | Link to Comment HyperLazy
HyperLazy's picture

I am still workin overtime in my employers tooling shop filled with Mitsubishi SZ Wire EDM machines. Finest iron that ever came out of Japan. The only parts we have had lately are components for medical and oil.

Sun, 07/08/2012 - 21:54 | Link to Comment TrainWreck1
TrainWreck1's picture

Medical & oil have margins that can absorb US tooling costs.

Most everything else gets designed here and the tooling is done in China

(plus they keep the tools and copy the designs, but that doesn't matter for this quarter's numbers)

 

I can see some Japanese mfg moved to the US as a consequence of Fuku, but mostly for keiretsu.

 

Sun, 07/08/2012 - 21:03 | Link to Comment TideFighter
TideFighter's picture

Why you pie me?

Sun, 07/08/2012 - 21:05 | Link to Comment Wakanda
Wakanda's picture

"What's left: gold?"

Abso fucking lutely!  Belly up to the market and bid away.

Sun, 07/08/2012 - 21:05 | Link to Comment vote_libertaria...
vote_libertarian_party's picture

BETTER...THAN...EXPECTED!!!!!.....ohhh....never mind

Sun, 07/08/2012 - 21:10 | Link to Comment CClarity
CClarity's picture

. . .  weather?

. . . . . . . . .  cleanest shirt in the hamper?

. . . . . . . . . . . . . . . earnings

It sure gets haggard and old.

Sun, 07/08/2012 - 21:09 | Link to Comment Jack Burton
Jack Burton's picture

Bloody Hell! Japan is stuffed!  I more and more believe Marc Faber when he claims that the future is this "Central banks will print and print and print. Then they will go to war. Against who? America will always find someone to go to war against."

So there you have it, the world economy is imploding in a sea of bad debts and criminal banking. The end result will be world war three.

The USA is itching to have a go at Russia, only thing is they have plenty of nukes and have promised to use them on any foreign power that crosses the border with a military force on to Russian territory.

The USA also wants badly to destroy China, but this is at odds with the USA corporate agenda which needs China to be a profit center via cheap labor.

 

Sun, 07/08/2012 - 21:34 | Link to Comment distopiandreamboy
distopiandreamboy's picture

Nah India will be the whipping boy for the next war, it's an easier sell to "liberate in the name of freedom and democracy" and the Brits have always wanted it

Mon, 07/09/2012 - 02:05 | Link to Comment OmNamah
OmNamah's picture

Mark my words, Japanese equities would bottom this year and would be one of the best performing equity markets in coming years.......as a speculator you can't let these once in lifetime opportunities slip by......please open your eyes and make money instead of ideas:)

 

www.bubbleshort.blogspot.in

Sun, 07/08/2012 - 21:09 | Link to Comment apberusdisvet
apberusdisvet's picture

As expected since many workers have radiation sickness.  What the MSM is not covering

Mon, 07/09/2012 - 06:15 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Those guys have been out of the news business for quite some time now.

 

Sun, 07/08/2012 - 21:11 | Link to Comment q99x2
q99x2's picture

I wouldn't read to much into it. Everyone knows that you can't manufacture without electricity. And, you can't channel stuff without stuffning.

Sun, 07/08/2012 - 21:15 | Link to Comment asteroids
asteroids's picture

Sounds like the Japanese finally got tired of "fudging" their numbers since the disaster. You can't fool people forever.

Sun, 07/08/2012 - 21:16 | Link to Comment tmosley
tmosley's picture

The opening sequence to "Paranoia Agent" had some creepy foresight.  It depicts a tsunami, economic collapse, nuclear disaster, and potential world war, and all back in 2004.

http://www.youtube.com/watch?v=-anabfAg06U

Not to mention that it is creepy as hell in general.

Sun, 07/08/2012 - 21:18 | Link to Comment bob_dabolina
bob_dabolina's picture

tmosley, what in the hell are you watching?

That was the most ridiculous thing I've seen this month.

Sun, 07/08/2012 - 22:30 | Link to Comment tmosley
tmosley's picture

Really?  You haven't been paying very close attention then.  Lots of far more ridiculous things have been posted on these very pages even today.

I feel a lot like the people in that sequence there.  Can't help but laugh as the world collapses around my ears. 

Note the suicide imagery there too.  Fuck, the whole plot to the show is about people wishing to escape from reality, and having their wish granted by some supernatural force that shows up and beats the shit out of them, and that process fed on itself, threatening to consume the entire world.  Sounds familiar, doesn't it?  Almost like, I don't know, some kind of metaphor.

Sun, 07/08/2012 - 21:23 | Link to Comment HyperLazy
HyperLazy's picture

I remember Paranoia Agent, it was a tad disturbing. Here is the latest Anime, alien invasion of Japan:

http://www.nyaa.eu/?page=torrentinfo&tid=330076 (warning: 10bit encode)

Mon, 07/09/2012 - 20:02 | Link to Comment VyseLegendaire
VyseLegendaire's picture

I'm as big a Paranoia Agent fan as anybody else but I don't see how the OP indicates any of what you just said.  All I see is some imagery that symbolizes the collapse of society/civilization and people's despair concomitant with it. Not gonna go further due to spoilers, cool to see the anime fans coming out of their nests on here. 

Sun, 07/08/2012 - 21:19 | Link to Comment reader2010
reader2010's picture

That's telling us the problem is the diminishing demand from China.

Sun, 07/08/2012 - 21:24 | Link to Comment MK ultra
MK ultra's picture

They might be sucking wind in Japan but Mazak here in the states has more demand than they can handle:

http://www.americanmachinist.com/304/News/Article/False/88855/

I'm tooling new CNC machines as fast as I can.. and Toyota is adding jobs in the southeast:

http://www.autoblog.com/2012/05/19/toyota-boosting-v6-production-in-alab...

And Tyler, your sources are..... wait for it!

Two economists and an asset manager! Bwaahhahaaa

Sun, 07/08/2012 - 21:28 | Link to Comment HyperLazy
HyperLazy's picture

Who is picking up the machine tools? Mostly automotive, oil, medical?

Sun, 07/08/2012 - 21:51 | Link to Comment MK ultra
MK ultra's picture

Automotive and aerospace. And a lot of medium sized job shops.

And my oilfield customers in Texas are busy as well. 2009-2010 was a culling process. The shops that survived are all busy as hell with good backlogs. The weak ones that where low balling quotes just for cash flow are gone.

CNC Machines, Bitchez!

Sun, 07/08/2012 - 21:58 | Link to Comment tmosley
tmosley's picture

Channel stuffing much?

You should know for a FACT that your automotive clients are in major trouble due to that issue.  I wouldn't be too surprised to see similar issues in aerospace, which is the OPPOSITE PLAY of oil, which definitely is booming (I know lots of people who are doing very well in the industry, friends, family, and clients).

Beware false growth caused by malinvestment.  It can collapse at a moment's notice.

Sun, 07/08/2012 - 22:17 | Link to Comment MK ultra
MK ultra's picture

Machine tool manufacturers don't channel stuff.

There are not huge showrooms and parking lots on every corner with 300 CNC lathes and Mills sitting on them.

Stick to subjects you know about.

Sun, 07/08/2012 - 22:33 | Link to Comment tmosley
tmosley's picture

But their clients do.

I took a business class once where we played a game that was meant to simulate the supply chain, and how disruptions propogate and swell as they go down them.  I think you are playing that game right now.  Be careful you don't get washed away in the tsunami that comes from failure to communicate more than one step up or down the supply chain.

Sun, 07/08/2012 - 22:20 | Link to Comment HyperLazy
HyperLazy's picture

I agree that manufacturing could collapse at any moment. But honestly I think its great that Mk Ultra is moving capital equipment. Even if the shop that picks it up brand new goes bust that equipment gets liquidated and picked up by someone else with a cheaper price tag. Then the equipment gets another chance at making stuff.

Sun, 07/08/2012 - 22:07 | Link to Comment HyperLazy
HyperLazy's picture

Shit man, the past twelve years has been a huge culling process. Unfortunately, there are a couple shops I can think of that deserved to go out of business but didn't. Those damnable evil bosses tend to survive the longest...

Interesting to hear aerospace is pulling some weight, read a lot about composite materials in the trade publications that tend to pile up in our break room. Been significant developments in hard milling, working titanium and cutting tools but I still prefer Wire EDM - its slow and safe. LOL

Tooling Bitchez!

Sun, 07/08/2012 - 22:14 | Link to Comment MK ultra
MK ultra's picture

I retired from Kennametal and started this biz six years ago. So yeah, I hear ya on that Tooling.

10 thousands half-hard brass wire bro, good luck out there!

Sun, 07/08/2012 - 22:14 | Link to Comment TrainWreck1
TrainWreck1's picture

Anything "aerospace" will be drones.

Here are the players and their 'trade group' - they will get $$$ over the next few years. Nice ROI for lobbying (what else is new?)

http://www.washingtontimes.com/news/2012/jul/2/drone-industry-releases-ethics-code/

30K+ drones in the US by 2015. Gotta keep an eye on everyone, sequestering the pilots in a room keeps an eye on them too.

 

 

Sun, 07/08/2012 - 22:26 | Link to Comment HyperLazy
HyperLazy's picture

Ya know, thats the really fucked up thing about this entire mess. The people who have the wealth and control would rather wield it to subjugate than help...

Whats wrong with the desire for an open society filled with an idealism for a prosperous and lasting civilization?

Sad, really sad...

Sun, 07/08/2012 - 22:35 | Link to Comment TrainWreck1
TrainWreck1's picture

I hear ya.

Some people thrive on crushing others. Not just doing well for themselves, but walking over anyone they can.

No idea what pleasure they derive from it. Try to avoid them as much as you can. Life is too short.

 

 

Sun, 07/08/2012 - 21:43 | Link to Comment tmosley
tmosley's picture

Judging the content of a message by who comments on it once it is public?

That's a whole new level of ad hominem I've never encountered before.

Sun, 07/08/2012 - 22:10 | Link to Comment MK ultra
MK ultra's picture

Admit it, you guys are just bad news junkies.

  1. Y2k couldn't do it
  2. 2008 banking collapse couldn't do it.
  3. Bird flu pandemic was a non event
  4. Baltic dry index.. yeah all those empty boats. Not.
  5. Gulf oil spill: Nope. (Been to Destin lately? It's just as beautiful as ever.)
  6. Barry hasn't tried to take our guns. But domestic gun mfg's sure made an assload the last 4 years.
  7. Fuckashima. The Japs survived and thrived after gettin hit with two nukes in 1945. You think a tsunami is gonna hold 'em back???
  8. Gerald Celente: Riots and blood in the streets 2011? um, no.
  9. John Williams' Hyperinflation? Where?
  10. Nibiru fly by? I'm not worried, all those chemtrails will block out gravitational pull.

My business was up 35% last year and it's up again this year. Because I quite wasting all this time on negative news sites and got busy with business planning. And I'm the manufacturing industry. The cure for doom and gloom is hard work.

 

Sun, 07/08/2012 - 22:38 | Link to Comment tmosley
tmosley's picture

I feel sad that people like you will be hauled out in bodybags (figuratively) when this thing goes.  You are the proverbial boiled frog.

The worst part is that we will need people like you and the capital you posess and are creating to recover, but we are unlikely to have it, as you and others like you failed to see two steps ahead and see the collapse coming, finding yourselves caught flat-footed, and forced to sell out to the Chinese.

In any event, I will do my best to preserve enough capital to keep some productive capacity in this country for you to use when the time comes.

Sun, 07/08/2012 - 22:57 | Link to Comment Let The Wurlitz...
Let The Wurlitzer Play's picture

There are definitely some "bad news junkies" on this site but there are also major structural problems with 75% of the worlds ecomonomies that WILL BE reconciled in the immediate future.  It sounds like you are one of the people that have done well as your competitors went away in the first leg of the decline.  I know other people that are also doing well because of the economic dislocation that occured.  After the next contraction(which may have already started) there will be tremendous opportunity for those prepared to take advantage.  The world will not stop spinning any time soon but you may be amazed at how quickly the people giving you orders today could cancel them tomorrow - backlogs dont last as long as people would like them to.  I would also stay focused on your business but it would be prudent to have a back up plan.  Good luck.

Sun, 07/08/2012 - 23:09 | Link to Comment Conman
Conman's picture

And yet here  you are trolling for responses. You really should look inward as to why you need to troll on touting your awesome 35% increase in business. Meanwhile hard facts are that not all is as cheery as your awesome business record states. So how about you show some humilty and eat some fukin humble pie and keep your aesome life to yourself.

Sun, 07/08/2012 - 23:26 | Link to Comment Oldwood
Oldwood's picture

The self employed are like everyone else in that when things are good they are the smartest people in the room and when it all turns to shit its somebody elses fault. I've been in business for 26 years and it sucks big time right now. Maybe I could do things better but nothing is better than being in the right place at the right time. Enjoy it while it lasts and try to avoid crapping on others, as your turn may be at any time.

Mon, 07/09/2012 - 00:03 | Link to Comment otto skorzeny
otto skorzeny's picture

i have been buying only the essentials for awhile now- food and clothes/shoes for the kiddies. my 2001 camry with 160000 miles on it- buy a new one? fuck it -I just put a new set of Firestones on it and oil change(which I did). why pay 35K for a new one and it'll be scrap in 15 years-not to mention i won't be paying the 3K sales tax to the local revenooers. nitwit neighbor just bought a couple of new vehicles for $65k total- get in more debt-idiot. I'm gonna try to starve the beast

Sun, 07/08/2012 - 23:34 | Link to Comment Savyindallas
Savyindallas's picture

I'll bet you'll lose your ass next year-and the year after. The economy will not be good  -and asholes you will be the first to get dumped by your customers (if you really have any)

Mon, 07/09/2012 - 01:50 | Link to Comment Burnbright
Burnbright's picture

As much as I do enjoy reading news that conforms to my world view, pretty much everything on that list, especially y2k and Nibiru were a total joke. Do you remember the premise for the end of the world when people talked about y2k? People came up with some lame excuse that computers would some how do all this crazy stuff because the dates in the internal clocks wouldn't be able to register the change. WTF!? The only people that shit benifited were IT guys making a killing on government projects and paranoid buisness as they updated software and hardware. I do agree though the doom and gloom is a bit over the top and it is better to just work hard and prepare accordingly.

The only concern I have had is hyperinflation which is very likely in the intermediate future and absolutely certian in the distant future. I am glad your business is doing well, but honestly does it not concern you that central planners can reduce your profit margin on a whim or simply inflate it away? You know why the economy is in a slump, it is because people have no certianty. Because people do not know if the government is going to raise their taxes, create more licencing fees. People don't know what the real cost of anything is any more. How do they know to buy a house, buy a car, or decide to go to college. Interest rates are controlled, lending is controlled, capital flow in general is controlled. Now that isn't to say their isn't lots of funny money to be made out their. If I were to make a business today or choose a career path it would be something involved in any sector of the economy that was either directly or indirectly funded by the government, because that is where the money is. 

Mon, 07/09/2012 - 02:06 | Link to Comment OmNamah
OmNamah's picture

Mark my words, Japanese equities would bottom this year and would be one of the best performing equity markets in coming years.......as a speculator you can't let these once in lifetime opportunities slip by......please open your eyes and make money instead of ideas:) www.bubbleshort.blogspot.in

Mon, 07/09/2012 - 02:07 | Link to Comment OmNamah
OmNamah's picture

sorrry for repeated posts...something wrong with my keyboard....sorry again

Mon, 07/09/2012 - 06:19 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

 

I'm sorry.....did you say something?

 

Mon, 07/09/2012 - 20:04 | Link to Comment VyseLegendaire
VyseLegendaire's picture

If anyone deserves the term shill, I think I just found him. 

Sun, 07/08/2012 - 21:26 | Link to Comment Fail2Deliver
Fail2Deliver's picture

Of course this is all bullish for US markets at the end of the day.

Sun, 07/08/2012 - 21:26 | Link to Comment catch edge ghost
catch edge ghost's picture

Yeah, but just think of the 30 years of awesome that must surely follow, you know, once it's all fixed - again.

Sun, 07/08/2012 - 21:27 | Link to Comment Long-John-Silver
Sun, 07/08/2012 - 21:29 | Link to Comment JustACitizen
JustACitizen's picture

Pssst...maybe we should call on Noah?

The world doesn't quite have enough wet-behind-the-ears-no-real-world-experience-academics (errr...economists)  to tell us about the real world that we live in - and how it all works...

Sun, 07/08/2012 - 22:35 | Link to Comment sablya
sablya's picture

LOL!  That guy is just jealous that ZH is referenced in 100s of places on the net and exerts a huge underground influence.  I feel sorry for the guy.  Just another pathetic wannabe.

Sun, 07/08/2012 - 21:30 | Link to Comment Tom Green Swedish
Tom Green Swedish's picture

Time for some Pachinko

 

http://www.youtube.com/watch?v=0tRclMW6YqQ

Sun, 07/08/2012 - 21:53 | Link to Comment death_to_fed_tyranny
death_to_fed_tyranny's picture

How about some more fiat bukkake?

http://www.zerohedge.com/news/bank-japan-drowns-world-surprising-%C2%A51...

The US Corporate FASCIST State is here now yet, THEY LIE(on a grander scale)!

Sun, 07/08/2012 - 21:31 | Link to Comment SDRII
SDRII's picture

at least in Japan when you get nominated to the BOJ it is an up or down vote on your willingness to print. straight forward. 

Sun, 07/08/2012 - 21:31 | Link to Comment Bullionaire
Bullionaire's picture

"Groin cherry"

 

Huh huh, huh huh.

 

 

Mon, 07/09/2012 - 08:05 | Link to Comment Absinthe Minded
Absinthe Minded's picture

Love the handle.

Sun, 07/08/2012 - 21:36 | Link to Comment nmewn
nmewn's picture

My bitch Benny needs to print ;-)

Sun, 07/08/2012 - 22:45 | Link to Comment Dr. Engali
Dr. Engali's picture

Ad print he will. He is going to have to print big and the whole system will go super nova.

Sun, 07/08/2012 - 21:37 | Link to Comment Yardfarmer
Yardfarmer's picture

Instead they had a worse collapse than anything seen in the aftermath of the Fukushima disaster...

Unfortunately we are still very much within the "aftermath of the Fukushima disaster" and will be for decades to come as well as the various other super cyclic phenomena that are convulsing this sorry planet. It was predicted that the significant economic repercussions of the massive Fukushima disaster would arrive in earnings season last year with devastating results. As with so many other succesive iterations of the global economic, environmental and political cataclysms, this slow motion train wreck is finally just leaving the rails. Watch out below.

Sun, 07/08/2012 - 21:40 | Link to Comment Bicycle Repairman
Bicycle Repairman's picture

Bernanke outlined the ways to fight deflation.  Well, we're slipping into defaltion seriously.  Timing matters.  There will come a point where Bernanke will be completely powerless.  Time to reach into the old kit bag, Mr. Bernanke.  Do it now.

Sun, 07/08/2012 - 22:31 | Link to Comment sablya
sablya's picture

Bernanke's biggest nightmare is deflation.  It is what he has feared since he was a child and started seeing candy bars getting smaller and smaller.  Now he's in a position, like in a terrible dream, of being faced with his mortal enemy, with all the levers at his disposal but none of them do anything.  In a fit of rage he may just drop the $bomb$.

Sun, 07/08/2012 - 21:41 | Link to Comment jonjon831983
jonjon831983's picture

You want to export your way outta this?  Who you gonna export to when everybody and their colons are already full of debt?

Sun, 07/08/2012 - 21:41 | Link to Comment BlackholeDivestment
BlackholeDivestment's picture

...devaluing labor and building a golden calf if bad? LMAO.

Sun, 07/08/2012 - 21:42 | Link to Comment blindman
blindman's picture

The Mind of God - Albert Einstein's Unfinished Symphony - FULL DOCUMENTARY
http://www.youtube.com/watch?v=J23TK7CjfpI&feature=related

Sun, 07/08/2012 - 22:04 | Link to Comment JustACitizen
JustACitizen's picture

Paging China...China...China

Or barring China - perhaps AnA bozo will do...aka US Citizenism

This is what happens when you build an economy exclusively on Mercantilism and exploitation - when that external demand falls (your host) - you have a problem.

Japan makes (made) quality products for 40 years - China may have just a slightly bigger problem.

Sun, 07/08/2012 - 22:24 | Link to Comment Mark Noonan
Mark Noonan's picture

There still is a hope that the economy won't completely implode.  I admit this is selfish thinking - I simply don't want to lose my job.  But the more I see, the worse it gets...

Sun, 07/08/2012 - 22:39 | Link to Comment TrainWreck1
TrainWreck1's picture

Look at it ths way: it is a house of cards, but it will be propped up as long as possible - use that time to learn, plan and sock away something so that you can deal with it when it happens. If it doesn't, you are still ahead of the curve, whatever happens. Self-reliance is its own reward. Work towards it.

 

Sun, 07/08/2012 - 22:52 | Link to Comment John Law Lives
John Law Lives's picture

"The Japanese economy has once again ground to a halt, only this time it has no earthquake or nuclear explosion to blame. "

But he MSM said the disasters in Japan last year would be good for GDP... broken window theory... yada, yada, yada...

100% FUBAR.

Sun, 07/08/2012 - 22:52 | Link to Comment John Law Lives
John Law Lives's picture

1000% FUBAR.

Mon, 07/09/2012 - 00:49 | Link to Comment mick68
mick68's picture

Funny thing happens when you fudge numbers or over estimate repeatedly, when the big bad news hits, it hits HARD!! Surprised investors are reactionary investors. Another example of economists and companies sugar coating to their own demise.

Mon, 07/09/2012 - 00:49 | Link to Comment mick68
mick68's picture

Funny thing happens when you fudge numbers or over estimate repeatedly, when the big bad news hits, it hits HARD!! Surprised investors are reactionary investors. Another example of economists and companies sugar coating to their own demise.

Mon, 07/09/2012 - 01:07 | Link to Comment TradingTroll
TradingTroll's picture

Japan is still reeling from Fukushima. I donated to Japan's relief funds then the other day I am watching Whale Wars on Animal Planet and they roll out the new Japanese Whaling fleet, retrofitted with $30 million from the earthquake fund. Huh?

 

So when Bush said that consumers needed to do the patriotic thing and spend, they did. But now, with all the corruption, people just think they are feeding the beast. So they pull back. Its a worldwide phenomenon.

 

And donations to foundations. Well the cancer societies basically ignore Fukushima, so we stopped donating to them. Now we will stop any more donations to Japan because donating to a tsunami/earthquake victim shouldnt be twisted into a pro-whaling movement.

 

Around the globe the public is hunkering down. Its the only way to bring down the system. Everyone should do it. Its not the patriotic thing to do, its the human thing to do.

 

Mon, 07/09/2012 - 08:02 | Link to Comment Absinthe Minded
Absinthe Minded's picture

@TT
I couldn't have said it any better. My wife walked in the Avon walk for BC and they said if she didn't raise &1800 she couldn't walk, and the kicker, they charged her a $55 registration fee when she got there. Talk about a scam! Never again. We lost a family member to cancer and it sucks but part of life. These cancer charities make too much money to want to cure it.

Mon, 07/09/2012 - 02:51 | Link to Comment silverdragon
silverdragon's picture

Don't write the Japanese off.

Mon, 07/09/2012 - 02:58 | Link to Comment capitallosses
capitallosses's picture

<< The two most important Japanese characters

Mon, 07/09/2012 - 05:25 | Link to Comment Bunga Bunga
Bunga Bunga's picture

Don't worry, BoJ will directly buy machines.

Mon, 07/09/2012 - 05:47 | Link to Comment q99x2
q99x2's picture

Send central bankers in one at a time to cleanup the Fukushima spent fuel pools.

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